Funding you earn now, next payment 04:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h +0.007%
Price spread now: Binance against tradeXYZ+0.031%7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$300.296% of the position
Funding, last 7 days+0.033%+$3 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now +0.031%, 7d avg +0.108%
=Together, before fees+0.084%+ Points / potential airdroptradeXYZ: Active · farm board+$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.077% cheaper against tradeXYZ than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.108%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | tradeXYZ xyz:AAPL | 338.79 | 0.0058 | pay 0.0007% / 1h | 38m 21s | $40.5M | $75.9M | 20x |
| Short | Binance AAPLUSDT | 338.90 | 0 | get 0.0000% / 8h | 4h 38m | $22.2M | $67.0M | 25x |
tradeXYZ xyz:AAPL
Binance AAPLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against tradeXYZ. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$12.1
- Price spread: +0.031% → +0.108%
- −$7.65
- Slippage, 4 orders
- −$1.6
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$49.35
- Costs to cover
- 0.296%
- Break-even
- never at this rate
Slippage from tradeXYZ: live order book, 11 min ago; Binance: live order book, 4 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy tradeXYZ live order book, 11 min ago | 0.15 bp | 9.2 bp −$9 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 0.15 bp | 5.3 bp −$5 | 7.1 bp −$71 | 24.0 bp −$2,404 | doesn't fit |
AAPL on 33 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX AAPLUSDC | −0.0329% | 4h | 338.85 | +0.018% | $81K | $325K | 20x | as long as short |
| Deribit AAPL_USDC-PERPETUAL | −0.0045% | 1h | 338.60 | −0.056% | $28K | $67K | 10x | as long as short |
| Nado AAPL-PERP | −0.0017% | 1h | 338.75 | −0.010% | $554K | $38K | 20x | as long as short |
| Aster AAPLUSDT | 0.0000% | 8h | 338.82 | +0.009% | $122K | $290K | 20x | as long as short |
| Extended AAPL_24_5-USD | 0.0000% | 1h | 338.81 | +0.007% | $286K | $2.0M | 10x | as long as short |
| Binance AAPLUSDTshort | 0.0000% | 8h | 338.90 | +0.031% | $22.2M | $67.0M | 25x | |
| Bybit AAPLUSDT | 0.0000% | 8h | 338.87 | +0.024% | $5.9M | $39.8M | 100x | as long as short |
| OKX AAPL-USDT-SWAP | 0.0000% | 8h | 338.92 | +0.038% | $6.3M | $6.8M | 25x | as long as short |
| Gate AAPL_USDT | 0.0000% | 8h | 338.68 | −0.032% | $3.0M | $4.2M | 100x | as long as short |
| Bitget AAPLUSDT | 0.0000% | 8h | 338.99 | +0.059% | $6.2M | $3.5M | 100x | as long as short |
edgeX AAPLUSDC
Deribit AAPL_USDC-PERPETUAL
Nado AAPL-PERP
Aster AAPLUSDT
Extended AAPL_24_5-USD
Bybit AAPLUSDT
OKX AAPL-USDT-SWAP
Gate AAPL_USDT
Bitget AAPLUSDTShow all 33 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AAPL | 0.0000% | 8h | 338.94 | +0.043% | $2.4M | $1.4M | — | as long as short |
| GRVT AAPL_USDT_Perp | 0.0000% | 8h | 338.89 | +0.030% | $17K | $425K | 10x | as long as short |
| SunX AAPL-USDT | 0.0000% | 8h | 338.93 | +0.041% | $336 | $4.6M | 20x | as long as short |
| HTX AAPL-USDT | 0.0000% | 8h | 338.98 | +0.056% | $53K | $224K | 30x | as long as short |
| Phemex AAPLUSDT | 0.0000% | 4h | 338.94 | +0.044% | $2.1M | $7K | 10x | as long as short |
| BloFin AAPL-USDT | +0.0026% | 8h | 338.92 | +0.038% | $342K | $168K | 20x | as long as short |
| QFEX AAPL-USD | +0.0031% | 1h | 338.83 | +0.012% | $3.2M | $4.8M | 10x | as long as short |
| Lighter AAPL | +0.0032% | 1h | 338.78 | −0.002% | $780K | $2.4M | 20x | as long as short |
| Lighter RH AAPL | +0.0032% | 1h | 338.83 | +0.012% | $947K | $3.6M | 20x | as long as short |
| Arcus AAPL-USD | +0.0040% | 1h | 338.72 | −0.021% | $269K | $67K | 20x | as long as short |
| Vest AAPL-USD-PERP | +0.0046% | 1h | 338.67 | −0.035% | — | $45K | 25x | as long as short |
| Hotstuff AAPL-PERP | +0.0048% | 1h | 338.78 | −0.003% | $36K | — | 20x | as long as short |
| Polymarket Perps AAPL-USD | +0.0050% | 1h | 338.72 | −0.021% | $278K | $420K | 10x | as long as short |
| SoDEX AAPL-USD | +0.0050% | 1h | 338.80 | +0.003% | $75K | $3K | 10x | as long as short |
| Ondo Perps AAPL-USD.P | +0.0050% | 1h | 338.68 | −0.032% | $1.3M | $2.5M | 20x | as long as short |
| tradeXYZ xyz:AAPLlong | +0.0058% | 1h | 338.79 | long leg | $40.5M | $75.9M | 20x | |
| Coinbase International AAPL-PERP-INTX | +0.0080% | 1h | 338.78 | −0.003% | $659K | $664K | 10x | as long as short |
| KuCoin AAPLUSDTM | +0.0100% | 8h | 338.79 | 0.000% | $1.4M | $27K | 20x | as long as short |
| ApeX Omni AAPLUSDT | +0.0100% | 1h | 338.73 | −0.018% | $946K | $11.0M | 50x | as long as short |
| Orderly PERP_AAPL_USDC_mythos | +0.0100% | 8h | 338.79 | 0.000% | $4K | — | 10x | as long as short |
| Aevo AAPL-PERP | +0.0104% | 1h | 338.80 | +0.004% | $11K | — | 10x | as long as short |
| Injective AAPL/USDC PERP | +0.0220% | 1h | 338.64 | −0.044% | $191K | $44K | 30x | as long as short |
| Phoenix AAPL | +0.0283% | 1h | 338.97 | +0.053% | $5K | $11K | 20x | as long as short |
Variational Omni AAPL
GRVT AAPL_USDT_Perp
SunX AAPL-USDT
HTX AAPL-USDT
Phemex AAPLUSDT
BloFin AAPL-USDT
QFEX AAPL-USD
Lighter AAPL
Lighter RH AAPL
Arcus AAPL-USD
Vest AAPL-USD-PERP
Hotstuff AAPL-PERP
Polymarket Perps AAPL-USD
SoDEX AAPL-USD
Ondo Perps AAPL-USD.P
Coinbase International AAPL-PERP-INTX
KuCoin AAPLUSDTM
ApeX Omni AAPLUSDT
Orderly PERP_AAPL_USDC_mythos
Aevo AAPL-PERP
Injective AAPL/USDC PERP
Phoenix AAPL